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Brexit hits European funding to UK

Wednesday, February 7, 2018

Last year the UK’s share of loans from the European Investment Bank (EIB) fell to a third of that in the previous year. In a review of 2017, the EIB said it had approved 901 projects in the year, up 15% on 2016. UK projects won loans of €2.14 billion, 3.04% of the €70.24 billion total. In 2016, the UK garnered €6.96 billion in loans, 9% of the total of €76.3 billion, and in 2015 it won €7.77 billion, 10% of the €77.2 billion total.

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